U.S. Deficit Hits a Record $1.15 Trillion Dollars
U.S. budget deficit soars past $1.1T as spending outpaces revenue
WASHINGTON >> The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said today, including a $307 billion February deficit for President Donald Trump’s first full month in office that was up 4% from a year earlier.
By cutting federal employees, the Trump administration may increase its reliance on firms that take in billions through ...
Social Security remains one of the largest federal spending categories, while net interest on the national debt is the ...
Federal dollars make up 18% to 50% of state budgets, depending on the state, according to data from the National Association ...
By design, budget reconciliation mostly addresses the parts of federal spending that are not part of the appropriations ...
Explore three budget scenarios, including tax policy impacts and AI-driven productivity gains. Click here to read what ...
7don MSNOpinion
These funding threats raise important questions about the constitutional balance of power between federal and state ...
The House budget resolution gives so-called “reconciliation instructions” to various committees to develop policy changes ...
Advocates say tax relief such as a child tax credit is needed now as support programs shrink, but federal cuts could ...
California's major cities and school districts are facing sizable budget gaps. Much like the state, they have few financial ...
where roughly a quarter of the workforce is federal employees, and create a major hole in the city’s budget, D.C.’s top financial officer warned in revised revenue projections. Historically ...
The growing distance between the United States and its allies in NATO is an overdue nudge to European nations to start paying ...
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